Unit 5 Review: Government and Economics

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Across
  1. 3. rules set by government agencies that outline how businesses and individuals must act
  2. 5. the percentage of deposits banks must keep in their vaults, and not loan out
  3. 7. Economic _______ the government goal to determine what is a fair distribution of wealth and resources
  4. 8. Economic ________ the government goal to provide a safety net for citizens in case of economic crisis
  5. 10. the economic system combining public and private decision making
  6. 14. the FED taking part in buying and selling government bonds
  7. 17. the phase of the business cycle where unemployment increases
  8. 20. ______ rate - the percentage of people looking for work that cannot find a job
  9. 21. the economic system in which economic decisions are centrally planned by a government
Down
  1. 1. a government social insurance program consisting of retirement, disability and survivor benefits.
  2. 2. the price to borrow/loan money
  3. 4. the total value of goods produced and services provided in a country during one year.
  4. 6. ______ cost - the value of the next best alternative when making a choice
  5. 7. the phase of the business cycle where GDP increases
  6. 9. the economic system in which businesses and consumers control economic decisions
  7. 11. _______ policy - the use of government spending and tax policies to influence the economy
  8. 12. ______ policy - the Federal Reserve influencing bank actions to decrease/increase the money supply
  9. 13. federal health insurance for retirees 65 and over
  10. 15. federal health coverage for low income individuals regardless of age
  11. 16. Economic _______ the government goal to protect the right of individuals to own property, choose what to buy and sell, and where to work and live.
  12. 18. the concept that there is a limited amount of resources available to us
  13. 19. the price of goods and services increasing year to year